Landmark Property Development Co Ltd Stock Forecast
Landmark Property Development Co Ltd stock price up more than 9.63% on Wednesday
(Updated on Apr 24, 2024)
The Landmark Property Development Co Ltd stock price gained 9.63% on the last trading day (Wednesday, 24th Apr 2024), rising from ₹9.35 to ₹10.25. During the last trading day the stock fluctuated 9.63% from a day low at ₹9.35 to a day high of ₹10.25. The price has risen in 6 of the last 10 days and is up by 9.04% over the past 2 weeks. Volume fell on the last day by -35 thousand shares and in total, 425 thousand shares were bought and sold for approximately ₹4.36 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -15.12% during the next 3 months and, with a 90% probability hold a price between ₹6.06 and ₹8.70 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LPDC.NS Signals & Forecast
Mostly positive signals in the chart today. The Landmark Property Development Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹9.08 and ₹8.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 33.12%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Landmark Property Development Co Ltd stock
Landmark Property Development Co Ltd finds support from accumulated volume at ₹10.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹0.90 between high and low, or 9.63%. For the last week, the stock has had daily average volatility of 8.91%.
Our recommended stop-loss: ₹9.84 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (LPDC.NS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Landmark Property Development Company Limited to open at ₹9.95, and during the day (based on 14 day Average True Range), to move between ₹9.53 and ₹10.97, which gives a possible trading interval of +/-₹0.725 (+/-7.07%) up or down from last closing price. If Landmark Property Development Company Limited takes out the full calculated possible swing range there will be an estimated 14.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹10.15 (0.98%) than the resistance at ₹10.40 (1.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Landmark Property Development Company Limited stock A Buy?
Landmark Property Development Co Ltd holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Landmark Property Development Co Ltd stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 5.125 Strong Buy Candidate Upgraded
Predicted Opening Price for Landmark Property Development Company Limited of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| ₹9.95 ( 2.93%) | ₹10.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LPDC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.85 | 5.85 % | |
| R2 | 10.51 | 2.50 % | ||
| R1 | 10.29 | 0.427 % | ||
| Current price: | 10.25 | |||
| Support | S1 | 9.61 | -6.28 % | |
| S2 | 9.39 | -8.35 % | ||
| S3 | 9.05 | -11.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.25 | 9.76 % | |
| R2 | 11.20 | 9.27 % | ||
| R1 | 10.40 | 1.46 % | ||
| Current price | 10.25 | |||
| Support | S1 | 10.15 | -0.98% | |
| S2 | 10.05 | -1.95% | ||
| S3 | 9.35 | -8.78% |
LPDC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2014 | Sep 19, 2014 | Oct 30, 2014 | ₹0.0700 | 1.31% |
| 2 | May 28, 2013 | Sep 19, 2013 | Oct 30, 2013 | ₹0.0500 | 2.17% |
FAQ
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